Topics regarding layoffs at Newpark Resources Inc.

Topics regarding layoffs at Newpark Resources Inc.

What a great 2 weeks for Newpark

1st ~ they fire presidency of fluids (again), then major investor calls for split of company. Noted that fluids “is a sinking ship” and corporate overhead is out of control. Folks, it’s only going to get worse in fluids. You get what you pay... —  read more 

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Post ID:  @OP+1e14TqEt

What a legacy!

Continued quarterly losses with negative margins. By almost all metrics, failure at all levels. PH’s decision to “get younger” is the gift that keeps on giving! Enjoy this options boys! Fluids is the laughing stock of the patch.

Donkey BBQ Q3

$24m q3 loss for NP. Fluids contributes $19m loss with NEGATIVE 28% margins. But, but, but - we have increased market share. Amazing marketing plan NOT. Give it away and play the blame game on Hurricane season. PH AINT gotta clue.

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Post ID:  @OP+17K8E4Jm

Rig Count 284

Down 17. How low she go? I say rig count bottoms out in June at 250-275. Slim pickings for sure. Q2 numbers will be ugly folks. Reactive vs proactive management takes too long to adjust to market. What happened to all the “we can differentiate... —  read more 

Data Privacy

For all former Newpark employees and job applicants. Newpark Resources complies with the General Data Privacy Rights legislation. You have a right to be forgotten and your personal data that they have collected be expunged from their systems unless... —  read more 

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Post ID:  @OP+14plCU6h

PR for Newpark

From a brokerage analyst who sums up what we have ALL said the past 5 years: Some stocks are best avoided. We don't wish catastrophic capital loss on anyone. Spare a thought for those who held Newpark Resources, Inc. (NYSE:NR) for five whole years... —  read more 

The 3 stages of Newpark

Stage 1: 2000-2014. The builders. Those who built the company Stage 2: 2014-2020. The PV Millenials. Those who rode it straight into the ground Stage 3: 2020- . The fools. Those who stayed and watched it sold for pennies on the dollar —  read more 

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Post ID:  @OP+143n1rjX

Reduction in Workforce

Look out for your neighbors disappearing. If Corona doesn’t get them, maybe the RIF will. Round one is top earners. Round Two performance problems. Round three Is reserved for those that crossed GP’s path. Keep your head down and your resume fresh.

NPDF Q4 debaucle

$18.1m Q4 operating loss in fluids. -13.5% margins. Need to “right size” starting in the Woodlands. More short term debt, less assets, higher total liabilities, less stockholders equity and less cash on hand. And still carrying $43m for goodwill... —  read more 

781 and $5.49

Rig count 781. Stock price $5.49. So much for the “brilliant strategizing”. Welcome to the real oilfield-Scotsman. Time to start earning your $$$

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Post ID:  @OP+130WZI2N

Deepwater

Three days into the new year and LGC Deepwater is already losing money. Perhaps they should hire a third field service manager.

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Post ID:  @OP+12Q6jBqI

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